Fed Assurances Stave Off Inflation to Supports Stocks

Although today’s economic calendar was light, data in Manufacturing pointed to expansion in this phase of the business cycle. Pent-up demand is driving this growth and putting upward pressure on commodity prices, such as Gold and Oil. Energy and Basic Materials stocks easily outperformed the stock market indexes and all other major sectors. The Federal Reserve, for its part, provided…

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“Transitory Inflation” Gains Credibility with Wall Street

Even though the market ended the week with an impressive two-day rally underscored by the superior performance of large-cap tech and small-cap stocks, it was not enough to prevent a weekly loss. In lieu of this, a few new insights were learned about the character of this market or its cycle:

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